SOMFY - Annual financial report 2018

07 CONSOLIDATED FINANCIAL STATEMENTS

Equity investments

Loans

Deposits and guarantees

Other Current and non-current financial assets

Realisable within 1 year

Non- current financial assets

€ thousands

6,305 1,537 -4,691 2,059

5,405 1,536

At 1 January 2018

1,148 2,095

2,989

73

900

Increase Decrease

1,269

75

193

–

1

-1

– -4,481 2 2,057

-113

-97

-4,690

2,059

Net change in impairment

–

– –

– 3

-3

-5

Impact of changes in foreign exchange rates Impact of changes in consolidation scope and method Fair value recognised in items of other comprehensive income

11

3

-16

-527

-120

–

–

-457

-70

-407

-921

-921

-921

–

–

–

–

538

-4,103 3,849

Other movements

–

538 286

-97

97

4,641

AT 31 DECEMBER 2018

1,509

2,499

3

4,297

448

Financial assets realisable within one year mainly comprise short-term deposits. The change in consolidation method mainly concerns Dooya (see Highlights). Financial liabilities Note 7.2.2

BORROWINGS AND BORROWING COSTS Upon initial recognition, loans and other interest-bearing debts are measured at fair value, increased by transaction costs that are directly attributable to the issuance of the liability. Fair value generally equals the amount of cash received. Issuing charges and premiums are taken into consideration in measuring amortised cost according to the effective rate method. Therefore, they are recognised in the income statement on an actuarial basis over the duration of the liability. Interest on loans is recognised as an expense of the period.

Analysis by category Note 7.2.2.1

Borrowings from credit institutions

Lease commit- ments

Other borrowings and financial liabilities

Total liabilities from financing activities

Bank overdrafts

Current and non-current financial liabilities

Due within 1 year

Non- current financial liabilities

€ thousands

At 1 January 2018

110,099

110,368

33,516

20,081 6,148

83,870

269

76,852 5,663 -2,045

171

5,833 -2,098

171 -54

Increase

118

–

53

5,663

-1,869

Reimbursement

-147 -1,175

-548

-229

Other movements related to companies acquisitions

-5,299

-5,299

–

–

-5,299

–

-5,299

–

Total cash movements

-29 -1,175

-5,794

-6,997

5,434

-1,564 -1,681

117

Impact of the revaluation of put options Impact of changes in foreign exchange rates

222

222

222

–

–

222

–

–

-26

203

332

-19

–

-7

229

-129

Impact of changes in consolidation scope and method

-62,259

-62,259 -57,123

-5,136

-18,500

– -43,758

–

-9,722 -71,785 31,316

-9,722

-17,454

Other movements

–

–

-9,722

–

7,731

Total non-cash movements AT 31 DECEMBER 2018

-18,520

– -53,265

229

-71,556 -49,521 -22,035 37,248 25,650 11,597

1,532 4,973

24,810

5,932

The change of consolidation method mainly concerns Dooya (see Highlights).

102

SOMFY – ANNUAL FINANCIAL REPORT 2018